Chicago—Just three months after filing to go public, daily deals market leader Groupon Inc. is postponing its initial public offering in the face of a volatile daily deals market and an economy that continues to struggle.
According to The Wall Street Journal,
the company had eyed launching its IPO after Labor Day with an investor road show, but that has been canceled.
The daily deals market has experienced intense volatility lately. Just last week, both Facebook and Yelp
abandoned or dramatically scaled back their own daily deals services.